Economic revitalization requires a perfect alignment of local governance, market demand, and private development expertise. In Lake County, that alignment has arrived in the form of Clearlake Marketplace, an ambitious, master-planned commercial and lifestyle center developed via a strategic partnership between Margetich Real Estate & Development, Sutter Equities, and the City of Clearlake.
Located on a dominant corner at the intersection of Highway 53 and Dam Road, Clearlake Marketplace commands a striking 18,000 vehicles per day right at its main intersection. The site plan details a diverse regional draw, accommodating an upcoming Fairfield Inn by Marriott to bolster tourism, alongside large-format retail anchors, standalone restaurant pads, and dedicated grocery and medical spaces.
The data driving this project reveals immense untapped potential. A rigorous market gap analysis revealed a massive +$764 Million overall regional sales leakage, meaning local residents regularly drive out of the municipality to spend money on essential goods. Clearlake Marketplace is custom-tailored to recapture those dollars locally, focusing heavily on high-demand growth sectors such as General Merchandise, Grocery, Clothing, and Dining. Serving a trade area population of over 61,000 people boasting a double-digit growth rate of 10.67%, this project stands as a testament to Margetich’s commitment to building sustainable commercial centers that benefit the entire community.
